Wuxi NewDaZhong adjusts prices

SteelOrbis Shanghai Jiangsu province based steelmaker Wuxi NewDaZhong adjusted its ex-factory prices on July 3. The ex-factory prices of galvanized coils decreased RMB 50-100/mt ($6-12); and that of color coated coils decreased RMB 50-200/mt ($6-25). After the adjustment, the new price of 0.5 mm thick galvanized coils is RMB 6,800/mt ($851), while that of 1.0 mm thick galvanized coils is RMB 6,350/mt ($795). The new price of 0.4 mm thick color coated coils is RMB 7,750/mt ($970), and that of 0.47 mm thick color coated coils is RMB 7,400/mt ($926). 17 percent VAT is included in all prices.